The United States (US) is considering imposing additional import tariffs of at least 10 per cent on a range of major trading partners as part of a broader effort to address concerns related to forced labour and trade practices. Read More: US proposes tariffs on Pakistan over labour concerns According to international media reports, the proposed measures would […]
global trade
US says China to boost farm imports after Trump–Xi summit
The United States (US) has announced that China will purchase at least $17bn worth of American agricultural products annually following talks between President Donald Trump and Chinese President Xi Jinping in Beijing, according to a White House fact sheet. Read More: China visit tests Trump diplomacy strategy The agreement, released on Sunday, states that the purchases […]
India bans sugar exports until September to stabilise domestic supply
India has announced a ban on sugar exports until the end of September in a move aimed at ensuring adequate domestic supply and preventing a rise in local prices, according to an official government order. Read More: Pakistan exports to India on secular decline, all hopes on SAARC The restriction, which takes effect immediately, will remain in place until […]
UK, France plan multinational Hormuz security meeting
The United Kingdom (UK) and France are set to co-host a multinational meeting of defence ministers this week to discuss military coordination aimed at restoring trade flows through the Strait of Hormuz, as concerns over maritime security and global energy supplies persist. Read More: UK deploys HMS Dragon amid Strait of Hormuz tensions According to the British government, […]
UK and France plan Hormuz security mission
The United Kingdom (UK) and France are leading preparations for a multinational military mission aimed at securing vital shipping routes in the Strait of Hormuz, amid rising regional tensions. Read More: ‘Unrealistic move’: Macron rejects Hormuz force plan More than 30 countries are participating in a two-day planning conference at the UK’s Permanent Joint Headquarters in Northwood, […]
Shipping companies warned over fake Strait of Hormuz scam messages
A Greek maritime security company has issued a warning about fraudulent messages being sent to shipping companies in the name of safe passage through the Strait of Hormuz. The company says the messages are fake and are not linked to any official Iranian authorities. Read More: Action being taken against fake websites, messages: PSCA According to the report, […]
UK and France plan mission to secure Hormuz navigation
The United Kingdom (UK) and France have announced plans to lead a multinational mission aimed at protecting maritime navigation in the Strait of Hormuz, as global powers push to stabilize a key energy route disrupted by recent conflict. Read More: UK rejects support for Hormuz blockade British Prime Minister Keir Starmer said the proposed force would be “strictly […]
UK faces potential food shortages amid Iran tensions
LONDON: The BBC has reported that the United Kingdom (UK) could face food supply shortage this summer if tensions involving Iran continue to escalate, raising concerns over supply chains linked to essential industrial gases. Read More: IMF to cut global growth forecast due to Mideast war Officials have warned that instability around the Strait of Hormuz […]
Ceasefire agreement: Iran, Oman to impose tax on ships passing through the Strait of Hormuz, says US media
A new proposal by Iran and Oman to impose fees on commercial vessels passing through the Strait of Hormuz has sparked global concern during a temporary ceasefire between the United States and Iran. Read More: Iran allows essential cargo ships through Strait of Hormuz According to reports, the plan was discussed during ongoing diplomatic engagements linked to the two-week […]
China suspends tariffs on Canadian agricultural farm imports after deal
China has announced it will suspends several tariffs on Canadian agricultural imports, marking a significant step toward easing trade tensions between Beijing and Ottawa following recent diplomatic engagement between the two countries. Read More: Imports of agricultural chemicals grow by 9.04% in six months According to China’s finance ministry, the suspension will include 100% tariffs on Canadian canola […]